Vital Farms, Inc. (NASDAQ:VITL) Stake Raised by nVerses Capital LLC

nVerses Capital LLC grew its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 130.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,600 shares of the company’s stock after purchasing an additional 2,600 shares during the period. nVerses Capital LLC’s holdings in Vital Farms were worth $161,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. 1620 Investment Advisors Inc. acquired a new stake in Vital Farms during the second quarter valued at approximately $42,000. CWM LLC lifted its position in shares of Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 655 shares during the last quarter. Quarry LP boosted its stake in shares of Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after acquiring an additional 830 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Vital Farms in the 2nd quarter worth $97,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Vital Farms in the 2nd quarter worth $168,000. Institutional investors own 98.59% of the company’s stock.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 30.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VITL shares. Stifel Nicolaus decreased their price target on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, August 9th. DA Davidson lifted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, TD Cowen upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

Vital Farms Stock Up 0.2 %

Vital Farms stock opened at $40.35 on Friday. Vital Farms, Inc. has a twelve month low of $10.41 and a twelve month high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50. The firm has a market cap of $1.70 billion, a PE ratio of 47.47 and a beta of 0.97. The firm’s 50 day moving average price is $33.81 and its two-hundred day moving average price is $35.57.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. The business had revenue of $147.39 million for the quarter, compared to the consensus estimate of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. Vital Farms’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share. On average, research analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

About Vital Farms

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.